University of Florida implements Corcentric AP automation

Thursday 25 October 2018 11:32 CET | News

University of Florida has announced working with Corcentric to implement the company’s account payables automation solution.

This includes a vendor portal, e-invoicing, OCR (optical character recognition) scanning technology, and automated workflows.

The most notable benefits of implementing Corcentric’s Payables Automation solution are reduced errors and exception handling. With more than 3,000 approvers across the University, the cloud-based solution immediately eliminated manual entry errors.

Going paperless has also freed up important resources. Some of the University’s vendors send up to 3,000 invoices a week, which prior to the automation solution, were handled manually and created a huge burden for the AP department. Now those staff members can turn their focus to more strategic projects and even take advantage of early-payment discounts.

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Keywords: University of Florida, Corcentric, AP automation, accounts payable, e-invoicing, OCR, optical character recognition, scanning technology, automated workflows
Countries: World

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